US Fed signals cuts are possible but not imminent, holds rates steady

(Image: WSJ)

Thu, 01 Feb 2024

By Nick TimarosThe Federal Reserve has formally shifted its interest-rate outlook, providing flexibility to lower rates in the coming months if it is convinced inflation hazards have receded.As expected, the central bank left its benchmark federal funds rate in a range between 5.25% and 5.5% on Wednesday, where it has stood since July.“The risks to achieving its employment and inflation goals are moving into better balance,” the Fed said, and it outlined how changes to its economic outlook could prompt “adjustments&r...

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